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Hudson's Bay Data Breach Settlement - $2 Million To Affected Saks Class Members

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Hudson’s Bay Data Breach Settlement – $2 Million To Affected Saks Class Members…

Hudson’s Bay Co $2 Million Settlement Over Saks Consumers Data Breach

Consumers who opted to use a credit, a debit, or a prepaid card (other than those of SaksFirst credit card) at a Saks location may be eligible for a reimbursement of $30 to $5,000, following a $2 million data breach settlement from Hudson’s Bay Company and Saks.

In re: Hudson’s Bay Company Data Security Incident Consumer Litigation

Click to access In-re-Hudsons-Bay-Company-Data-Security-Incident-Consumer-Litigation.pdf

Hudson’s Bay Point-of-Sale System Breach Recap

The class comprises anyone who opted to use a credit, a debit, or a prepaid card (other than those of SaksFirst credit card) at a Saks location, Saks OFF 5TH, or Lord & Taylor store from May 2017 through the end of March 2018, within the USA and its territories.

Plaintiffs in the lawsuit assert that the negligence of Hudson’s Bay, Saks, and Lord & Taylor to safeguard personal financial data and prevent the info breach in which cybercriminals compromised the company’s point-of-sale systems led hackers to install malware at the stores and withdraw payment card data.

According to the company’s website, Hudson’s Bay Company currently owns or ground leases 58 retail properties. In addition, it controls more than 168 additional properties all throughout the United States.

The companies don’t admit and deny any wrongdoing or liability.

While no court or judicial entity has decided on this case, both parties have agreed to compromise to put an end to the current data breach class action lawsuit. Therefore, the Hudson’s Bay Data Breach Settlement does not establish guilt, and it is not an admission of guilt.

Hudson’s Bay Data Breach Settlement, 2021

Claimants are eligible for reimbursement for up to $2 million — total cap. 

After providing proof of using a credit, a debit, or a prepaid card (other than those of SaksFirst credit card)— the data breach must be addressed —, they can request for $30. 

If the class members had additional out-of-pocket expenses related to the data breach, they could request up to $5,000 in reimbursement.

Claim forms must be submitted by class members who intend to seek payment.

Those without proof must file a Tier 1 Claim. Those who can demonstrate their out-of-pocket expenses should make a Tier 2 Claim.

  • Tier 1 requires no proof of purchase.
  • Tier 2 requires proof of purchase in the form of receipts, credit card statements, or any other documentation demonstrating a purchase or return.

Members of the class are recommended to carefully follow the instructions on the form to ensure they file the correct claim.

Attorney fees, settlement administration costs, and costs involved with notifying the settlement class are all being covered by the defendants.

If claims surpass the $2 million cap, claimants’ payments will be reduced pro-rata as necessary.

If the claims do not exceed $2 million, the defendants may retain any funds remaining after payment is made.

On January 11, 2022, a final hearing for the Hudson’s Bay Company settlement is scheduled.

Objections must be filed by November 19, 2021.

The claim deadline is January 31, 2022.

Editor’s Note on Hudson’s Bay Data Breach Settlement:

This article is written to inform you of the Hudson’s Bay class action settlement over a data breach. We also suggest you to read about the T-Mobile Data Breach Lawsuit.

Case Name & No.: In re: Hudson’s Bay Company Data Security Incident Consumer Litigation, No. 1:18-cv-08472-PKC 

Jurisdiction: U.S. District Court for the Southern District of New York

Products/Services: Consumers’ private data

Allegations: Hudson’s Bay, Saks, and Lord & Taylor failure to safeguard its consumers’ financial data lead to a breach by cybercriminals

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